When will be a good time to buy in san diego?

[Navydoc]

This is all so simple for me. I buy when I can get a place for the same monthly payment as rent with 20% down, and I KNOW I can stay there long term. That’s a very comfortable position to be in. Yes, I might lose a little money in the short term (5 years or so) if there’s still some air left in the bubble, but eventually it will catch up. And no way do I buy with any kind of silly financing. A 30 year fixed will eventually make sense even in crappy markets, as rent WILL eventually rise to point where it is higher than my mortgage. I know we’re all bears on this site, but remember, real estate does still provide a hedge against inflation. If the real inflation numbers are considered, not the laughable crap that’s currently reported, I’m losing money on my savings. Probably equvalent to a nominal loss from depreciation on a home once the “big hit” has been taken.

If I could have achieved this when I moved her to LA I would be an owner now. Problem was renting penciled out to be roughly 1/2 what it was to buy. Coupled with the need to unload the place after three years of fellowship (I will never, I repeat NEVER be a landlord again), buying in 06 would have been financial suicide.

I will be looking hard next spring if, Navy willing, I get to return to SD. But if the mortgage to rent ratio is still as nuts as it is now, I’ll be looking for a $3000/month rental. I think we are still in the very early stages of the “big hit”.

[nostradamus]

I’m with Navydoc on this although I might be willing to go a little higher (on the down payment or the monthly) if I really dig the place. Not having to deal with landlords is worth some small premium I think. That is, of course, after adding in taxes and insurance (no more HOAs for me).

When I bought my place in 1998 it was actually MORE expensive to rent than to buy. I put 20% down, did a 15-year loan and shaved about $350 from my monthly rent. I can’t believe it’s already been 10 years, how time flies.

[nostradamus]

I’m with Navydoc on this although I might be willing to go a little higher (on the down payment or the monthly) if I really dig the place. Not having to deal with landlords is worth some small premium I think. That is, of course, after adding in taxes and insurance (no more HOAs for me).

When I bought my place in 1998 it was actually MORE expensive to rent than to buy. I put 20% down, did a 15-year loan and shaved about $350 from my monthly rent. I can’t believe it’s already been 10 years, how time flies.

[nostradamus]

I’m with Navydoc on this although I might be willing to go a little higher (on the down payment or the monthly) if I really dig the place. Not having to deal with landlords is worth some small premium I think. That is, of course, after adding in taxes and insurance (no more HOAs for me).

When I bought my place in 1998 it was actually MORE expensive to rent than to buy. I put 20% down, did a 15-year loan and shaved about $350 from my monthly rent. I can’t believe it’s already been 10 years, how time flies.

[nostradamus]

I’m with Navydoc on this although I might be willing to go a little higher (on the down payment or the monthly) if I really dig the place. Not having to deal with landlords is worth some small premium I think. That is, of course, after adding in taxes and insurance (no more HOAs for me).

When I bought my place in 1998 it was actually MORE expensive to rent than to buy. I put 20% down, did a 15-year loan and shaved about $350 from my monthly rent. I can’t believe it’s already been 10 years, how time flies.

[nostradamus]

I’m with Navydoc on this although I might be willing to go a little higher (on the down payment or the monthly) if I really dig the place. Not having to deal with landlords is worth some small premium I think. That is, of course, after adding in taxes and insurance (no more HOAs for me).

When I bought my place in 1998 it was actually MORE expensive to rent than to buy. I put 20% down, did a 15-year loan and shaved about $350 from my monthly rent. I can’t believe it’s already been 10 years, how time flies.

[VanMorrisonFan]

sdbubble-

The right time to buy is when you find a house that you can afford to buy without breaking the bank or paying more than about 30% of your income or doing some stupid “creative financing” and you plan to stay in that house for about five years or so…and you like the house. That is the right time to buy…

[VanMorrisonFan]

sdbubble-

The right time to buy is when you find a house that you can afford to buy without breaking the bank or paying more than about 30% of your income or doing some stupid “creative financing” and you plan to stay in that house for about five years or so…and you like the house. That is the right time to buy…

[VanMorrisonFan]

sdbubble-

The right time to buy is when you find a house that you can afford to buy without breaking the bank or paying more than about 30% of your income or doing some stupid “creative financing” and you plan to stay in that house for about five years or so…and you like the house. That is the right time to buy…

[VanMorrisonFan]

sdbubble-

The right time to buy is when you find a house that you can afford to buy without breaking the bank or paying more than about 30% of your income or doing some stupid “creative financing” and you plan to stay in that house for about five years or so…and you like the house. That is the right time to buy…

[VanMorrisonFan]

sdbubble-

The right time to buy is when you find a house that you can afford to buy without breaking the bank or paying more than about 30% of your income or doing some stupid “creative financing” and you plan to stay in that house for about five years or so…and you like the house. That is the right time to buy…

[kewp]

After seeing some of the recent news, I think we are in for ’89 pricing, not ’99 at this point.

Not adjusted for inflation either.

[kewp]

After seeing some of the recent news, I think we are in for ’89 pricing, not ’99 at this point.

Not adjusted for inflation either.

[kewp]

After seeing some of the recent news, I think we are in for ’89 pricing, not ’99 at this point.

Not adjusted for inflation either.

[kewp]

After seeing some of the recent news, I think we are in for ’89 pricing, not ’99 at this point.

Not adjusted for inflation either.

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